Uber Technologies, Inc. announced its financial results for the second quarter of 2025, reporting an 18% year-over-year increase in revenue to $12.7 billion, with income from operations rising 82% to $1.5 billion. The company also recorded 3.3 billion trips, an 18% increase from the previous year, and gross bookings of $46.8 billion, reflecting a 17% year-over-year growth. The adjusted EBITDA for the quarter grew 35% to $2.1 billion, with free cash flow reaching $2.5 billion and trailing twelve-month free cash flow at an all-time high of $8.5 billion.
Additionally, Uber's Board of Directors authorized a new share repurchase program of up to $20 billion, indicating confidence in the company's performance. The company maintained a strong cash position, ending the quarter with $7.4 billion in unrestricted cash and investments. For the third quarter of 2025, Uber anticipates gross bookings between $48.25 billion and $49.75 billion, representing a year-over-year growth of 17% to 21%.
linkAug 06, 2025 06:56:29
Uber Technologies, Inc. has announced a proposed private placement of $1.0 billion in Exchangeable Senior Notes due in 2028. The notes will be offered to qualified institutional buyers and may include an additional $150 million if the initial purchaser exercises an option. The notes can be exchanged for cash or shares of Aurora Innovation, Inc. stock, with specific terms to be determined at the time of pricing. The offering is subject to market conditions and regulatory requirements.
The proceeds from this offering are intended for general corporate purposes, which may include strategic investments, although no specific uses have been designated. The notes will be secured by first-priority liens on certain pledged reference property, which initially consists of shares of Aurora common stock. The notes and their guarantee will not be registered under the Securities Act, restricting their sale in the United States unless exemptions apply.
linkMay 20, 2025 16:15:54
Uber Technologies, Inc. announced its financial results for the first quarter of 2025, reporting a 14% year-over-year increase in Gross Bookings, reaching $42.8 billion. The company achieved an income from operations of $1.2 billion and a net income of $1.8 billion, which included a pre-tax benefit from equity investment revaluations. Additionally, Adjusted EBITDA rose by 35% year-over-year to $1.9 billion, with operating cash flow and free cash flow both at $2.3 billion for the quarter.
The number of trips taken on the platform grew 18% year-over-year to 3.0 billion, driven by a 14% increase in Monthly Active Platform Consumers (MAPCs). The company also reported a significant rise in revenue, which grew 14% year-over-year to $11.5 billion. At the end of the quarter, Uber held $6.0 billion in unrestricted cash, cash equivalents, and short-term investments, indicating a solid cash position to support its operations.
linkMay 07, 2025 06:55:52
Trendyol Group has announced an agreement for Uber Technologies, Inc. to acquire a controlling stake in Trendyol GO, pending regulatory approval. The acquisition aims to enhance the Trendyol GO app, which serves customers, merchants, and couriers, by integrating capabilities from Uber's global delivery platform over the coming years.
Trendyol Group's President, Çağlayan Çetin, emphasized the commitment to providing a seamless e-commerce experience and supporting local businesses. Uber's CEO, Dara Khosrowshahi, highlighted the potential for the partnership to elevate the delivery sector in Türkiye, benefiting consumers and small businesses alike, while noting the company's long-term commitment to the Turkish market.
linkMay 06, 2025 08:21:08
Uber Technologies, Inc. announced significant growth in its fourth quarter and full year 2024 results, with Gross Bookings reaching $44.2 billion, an 18% increase year-over-year. The company reported a net income of $6.9 billion, largely due to a $6.4 billion tax valuation benefit. Operating cash flow was $1.8 billion, and free cash flow stood at $1.7 billion, reflecting strong operational efficiency and demand in both Mobility and Delivery segments. The company also redeemed $2.0 billion of outstanding debt during the quarter, contributing to a strong cash position of $7.0 billion at year-end 2024.
However, the report noted challenges within the Freight segment, which experienced flat revenue year-over-year and a loss in Adjusted EBITDA. The company also acknowledged increases in operational costs, with non-GAAP cost of revenue rising as a percentage of Gross Bookings. Additionally, while the overall performance was positive, the potential impact of currency headwinds on future growth was highlighted, indicating areas of uncertainty ahead.
linkFeb 05, 2025 06:56:00
Uber Technologies, Inc. announced significant financial growth for the third quarter of 2024, with gross bookings increasing 16% year-over-year to $41 billion. The company achieved a historic milestone with $1.1 billion in operating income, while adjusted EBITDA rose 55% to $1.7 billion. Additionally, operating cash flow reached $2.2 billion, and free cash flow was $2.1 billion, reflecting strong operational performance and a growing user base of 161 million monthly active platform consumers.
However, the report also highlighted challenges, particularly in the Freight segment, which saw only a 2% revenue increase and an adjusted EBITDA loss of $19 million. The Mobility revenue margin was impacted by business model changes that affected revenue classification, leading to a decrease in margins. Furthermore, the company faced a 16.5% increase in the cost of revenue as a percentage of gross bookings compared to the previous year, attributed to rising insurance expenses.
linkOct 31, 2024 06:55:56
The company has reported the creation of a direct financial obligation, indicating a potential increase in its financial commitments. This move could suggest a strategy to enhance its operational capacity or fund new initiatives, though it may also raise concerns about increased debt levels.
Additionally, the report includes references to previous filings, ensuring compliance with regulatory requirements. The signing of the report by authorized personnel reflects the company's commitment to transparency and accountability in its financial reporting.
linkSep 27, 2024 06:45:16
Uber's Q2 2024 results show impressive growth with gross bookings up 19% and adjusted EBITDA rising 71% year-over-year. The company achieved record profitability, with income from operations at $796 million. However, business model changes negatively impacted revenue growth by 7 percentage points. Despite this, Uber's cash flow remains strong, and share repurchases began, indicating a commitment to shareholder returns.
linkAug 06, 2024 06:58:28
Uber is set to acquire Delivery Hero's foodpanda business in Taiwan for $950 million, subject to regulatory approval. The deal includes Uber purchasing $300 million in Delivery Hero shares. This move aims to enhance consumer experience by combining Uber's global expertise with foodpanda's local coverage. The acquisition is expected to offer consumers more choices, benefit merchants, and create more earning opportunities for delivery partners. The deal signifies Uber's confidence in Taiwan's market potential and is one of the largest international acquisitions in the country.
linkMay 14, 2024 06:00:31
Uber's Q1 2024 shows positive growth with a 21% increase in trips, 20% rise in gross bookings, and 82% surge in adjusted EBITDA year-over-year. Despite a net loss of $654 million, the company generated $1.4 billion in free cash flow. Uber anticipates further growth in Q2 2024 with expected increases in gross bookings and adjusted EBITDA. Business model changes impacted revenue growth negatively, but Uber's CEO and CFO remain optimistic about the company's growth trajectory.
linkMay 08, 2024 06:56:02